Michael Saylor’s Strategy has once again added to its massive Bitcoin position, taking advantage of a sharp but short-lived market dip. The latest purchase comes as Bitcoin briefly traded below the company’s average cost basis for the first time since late 2023.
Strategy Adds 855 BTC During Market Volatility
According to a filing with the U.S. Securities and Exchange Commission, Strategy acquired 855 Bitcoin last week for approximately $75.3 million. The coins were bought at an average price of $87,974 per BTC.
At the start of the week, Bitcoin was trading above $87,700 and briefly surged to $90,000 before experiencing a sudden sell-off. On Sunday, BTC dropped below $75,000, according to data from CoinGecko, creating a narrow window for Strategy’s latest accumulation.
Total Bitcoin Holdings Near Historic Levels
Following the purchase, Strategy now holds 713,502 BTC in total. The company has spent around $54.26 billion acquiring Bitcoin at an average price of $76,052 per coin, reinforcing its position as the world’s largest public Bitcoin holder.
Notably, this move came as Bitcoin briefly traded below Strategy’s overall average purchase price. It marked the first time since late 2023 that BTC dipped under the firm’s cost basis, a level closely watched by both investors and analysts.
A Familiar Pattern for Strategy
This is not the first time Bitcoin has fallen below Strategy’s average acquisition price. After adopting the Bitcoin Standard in August 2020, the company experienced a similar situation during the 2022 bear market.
In May 2022, Bitcoin fell below $30,000 while Strategy’s average purchase price stood at roughly $30,600. As a result, the company significantly slowed its buying activity, acquiring just 8,109 BTC throughout 2022. Bitcoin remained below Strategy’s cost basis until late August 2023, with another brief dip afterward.
During that below-cost period, Strategy made seven additional purchases totaling 28,560 BTC. Those acquisitions accounted for roughly 22% of its total Bitcoin holdings at the beginning of that phase.
Polymarket Bets on Further Accumulation
Despite renewed bearish pressure following the weekend sell-off, market sentiment around Strategy’s long-term Bitcoin strategy remains bullish. Data from Polymarket shows an 81% probability that Strategy’s Bitcoin holdings will exceed 800,000 BTC by the end of 2026.
At the same time, Polymarket traders assign a 72% chance that Bitcoin could fall below $65,000 at some point this year. For Strategy to reach the 800,000 BTC milestone, the company would need to acquire at least 87,000 additional Bitcoin over the next two years.
Saylor’s Long-Term Bitcoin Vision
Strategy founder Michael Saylor has consistently emphasized a long-term outlook. Last year, he reiterated his belief that Bitcoin could reach $21 million per coin by 2046, underscoring the company’s willingness to accumulate BTC regardless of short-term price fluctuations.
As Bitcoin volatility continues to shape market sentiment, Strategy’s latest move reinforces its conviction-driven approach—and keeps it firmly at the center of the institutional Bitcoin narrative.
